The Egyptian Arab Land Bank (EAL), chaired by Amr Kamal was elected as a member of the board of directors of the Jordan Payments and Clearing Company (JoPACC), which is headed by the Central Bank of Jordan, in addition to eight other members of banks operating in Jordan.
The company aims to build and develop programmes and systems for electronic payment and clearing operations, as well as provide and apply information technology in the field of electronic payment to enhance financial inclusion and access to the digital economy.
For his part, the Regional Director of the Bank in Jordan, Tarek Aql, expressed his pleasure with the EAL election to be a member of this distinguished company, which seeks to integrate customers, banks, partners, and government needs with new and modern technologies and business models, in addition to enhancing the concept of empowering financial innovations to enhance access, quality, and usage of e-payment systems.
Aql explained that the success of the company’s work in the Jordanian market will significantly contribute to enhancing the financial and banking infrastructure as well as enhancing e-government application in order to meet the advanced technological requirements for all banking and financial services to serve large segments of citizens, alongside many economic aspects.
Noteworthy, the JoPACC was established in 2017 with a capital of JD 12m. Its members include all banks operating in Jordan as well as the Central Bank of Jordan.